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Dec 9, 2012
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this from "the washington times." so far in fiscal year 2013, the government notching up a $172 billion deficit in november a lawn. jams is joining us from orlando, florida on the democrats' line. caller: i think the number one priority is the people, and i think he will do a good job. people should give him more credit and let him do what he is doing. it will take time. i think he has a lot on his hands to deal with now. host: if you get through, turn the volume down on the tv set. this is from "to the new york times." our question -- what should be the president's number one agenda. next up is christine from new york city on the independent line. caller: good morning. i believe the president will not be able to accomplish his agenda without doing something that i believe is supported by the majority of the american people, that is the critical need for campaign finance reform to restore us to democracy that the people are represented at intergovernment instead of special interests. if we got campaign finance reform
this from "the washington times." so far in fiscal year 2013, the government notching up a $172 billion deficit in november a lawn. jams is joining us from orlando, florida on the democrats' line. caller: i think the number one priority is the people, and i think he will do a good job. people should give him more credit and let him do what he is doing. it will take time. i think he has a lot on his hands to deal with now. host: if you get through, turn the volume down on the tv set....
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Dec 28, 2012
12/12
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the pressure is on in washington to agree on a plan. only then might the applause on wall street be a little more genuine. >> with the clock ticking ever more loudly in washington, let's bring in our correspondent. first off, are the prospects of an agreement as dim as we are hearing, or could there be a last-minute deal? then of course this could happen, but i think it is quite unlikely. there is an increased pessimism that a deal can be achieved in washington, d.c. from my perspective, i think washington moves too slowly. tax rates will go for all americans, and cuts will go into effect by the end of this year, and we will see no more unemployment benefits for about 2 million americans. >> there are some technicalities here. what are the government's contingency plans? for example, how will it go about paying bills if no deal is reached? >> a couple of bills they will just not be able to pay. there are emergency measures taken to keep the government operating for several more weeks by the treasury secretary, but they are only kicking
the pressure is on in washington to agree on a plan. only then might the applause on wall street be a little more genuine. >> with the clock ticking ever more loudly in washington, let's bring in our correspondent. first off, are the prospects of an agreement as dim as we are hearing, or could there be a last-minute deal? then of course this could happen, but i think it is quite unlikely. there is an increased pessimism that a deal can be achieved in washington, d.c. from my perspective,...
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Dec 2, 2012
12/12
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, "the washington post" had this line, that would cost the government, the elimination of the mortgage deduction, 100 billion dollars a year. so, it's all about the government, what it costs the government. what about what it costs the taxpayers, the people who make the money to give to these bozos to waste. >> i thought we were the government. >> exactly. >> i'm trying to figure out where cal is coming from. >> yeah. but the president, you know, was out in philadelphia on friday, and he seems to be sort of, continuing the campaign almost as if he didn't win the election and the media are playing-- >> again, look, there's no question the media are trying to push the republicans toward a deal although there's a significant backlash against it. look, the president is campaigning, he's campaigning, just like he's kept going, but it worked for him and before november 6th why should he stop now? >> all right, more news watch ahead. if you see something that you feel shows evidence of media bias, tweet us at fox news watch on twitter. next, the new york times breaks a key rule in journalism.
, "the washington post" had this line, that would cost the government, the elimination of the mortgage deduction, 100 billion dollars a year. so, it's all about the government, what it costs the government. what about what it costs the taxpayers, the people who make the money to give to these bozos to waste. >> i thought we were the government. >> exactly. >> i'm trying to figure out where cal is coming from. >> yeah. but the president, you know, was out in...
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Dec 30, 2012
12/12
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"the washington times." will go to the democrat line, charles from texas. caller: first, i have a question. this morning when i was watching the news, did i understand that congress is getting a raise next year? host: we will have a story on that later. caller: i think they should lead by example. they need to take a pay cut if we are taking pay cuts. we need to stop foreign aid all the way around. host: will that be enough to solve the debt problem? caller: know, there needs to be tax increases and spending cuts, but i do not think it has to come out of social security and medicare and medicaid. i think foreign aid and whistle spending, and i also think -- wasteful spending, and i also think that tax breaks are an entitlement because nobody gets them equally. host: i want to go from mike -- go to mike from the independent line. caller: i would like to say that this fiscal cliff is a charade. it is promoted by the media. it has nothing to do with fixing our economy. the president has had an opportunity to go
"the washington times." will go to the democrat line, charles from texas. caller: first, i have a question. this morning when i was watching the news, did i understand that congress is getting a raise next year? host: we will have a story on that later. caller: i think they should lead by example. they need to take a pay cut if we are taking pay cuts. we need to stop foreign aid all the way around. host: will that be enough to solve the debt problem? caller: know, there needs to be...
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Dec 2, 2012
12/12
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o'grady and washington columnist kim stossel. you are stuck in washington having to talk to all the sources. and you have been working them this week, i know. is the mood as sour as it sounds? >> it is by the end of this week and here's why. republicans came out right after the election and said to the president, you want revenue, here. you want revenue on the wealthy? we will give it to you. let's do this via limbing tax deductions for the wealthy. the president instead of taking that, running it, ceiling a deal, has been out campaigning for tax hikes. and to cap it off, sent treasury secretary tim geithner down to congress this week with this absolutely outrageous proposal that's basically a compilation of everything the president wanted in his budget. it's beyond what he even campaigned for. and as a result i think most republicans wonder just how serious he is about doing this. they feel things are going backwards. >> that's the way it sounded to me, too. i talk to some senior republicans this week and they are increasingly o
o'grady and washington columnist kim stossel. you are stuck in washington having to talk to all the sources. and you have been working them this week, i know. is the mood as sour as it sounds? >> it is by the end of this week and here's why. republicans came out right after the election and said to the president, you want revenue, here. you want revenue on the wealthy? we will give it to you. let's do this via limbing tax deductions for the wealthy. the president instead of taking that,...
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Dec 21, 2012
12/12
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meanwhile, investors are keeping an eye on washington as the deadline to avert the so-called fiscal cliff comes ever closer. >> a different kind of click now -- thousands of mystics, new-age and deals and fans of pre- hispanic culture made their way to mexico in hopes of witnessing great things in less than 24 hours now. that is when the old mayan calendar predicts the end of the current world and the dawn of a new one. >> many of today's ethnic maya do not understand what all the fuss is about. mostly christian, they have looked on in wonder at the influx of foreign tourists to ancient cities in southern mexico and central america was a past hundreds of years ago. -- whose heyday past hundreds of years ago. >> they are dancing according to an ancient mayan ritual in preparation for the end of the world. these days, the famous complex in guatemala is full of visitors. many tourists have come to experience the big day. >> there are mixed feelings. s going to end. others believe it is the end of one era and the beginning of another. democrats are also gathering at mayan sites in mexico. tou
meanwhile, investors are keeping an eye on washington as the deadline to avert the so-called fiscal cliff comes ever closer. >> a different kind of click now -- thousands of mystics, new-age and deals and fans of pre- hispanic culture made their way to mexico in hopes of witnessing great things in less than 24 hours now. that is when the old mayan calendar predicts the end of the current world and the dawn of a new one. >> many of today's ethnic maya do not understand what all the...
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Dec 30, 2012
12/12
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baristas at the 120 starbucks in washington, d.c. were encouraged by management to add a shot of bipartisanship to their drink orders and remind customers in our nation's capital to come together. >> wall street is typically quiet her this time of year, of course, this last week of 2012 was marked by investor concerns over congress' new year's eve plans and that looming fiscal cliff. so what impact does it have on your money? alison deans is with us, senior adviser at varick asset management. nice to see you. happy new year. do you have two plans for 2012, one that includes the fiscal cliff and one that doesn't? how do you prepare for the new year as an investor? >> pretty much. i mean, the outcome, if there is some type of healthy resolution to the fiscal cliff, even if they defer it for a week or two but come up with some healthy resolution, i think it bodes really well for global markets. if we wind up going into fiscal cliff and the world loses any faith in our government to accomplish anything that's helpful or relevant, i think
baristas at the 120 starbucks in washington, d.c. were encouraged by management to add a shot of bipartisanship to their drink orders and remind customers in our nation's capital to come together. >> wall street is typically quiet her this time of year, of course, this last week of 2012 was marked by investor concerns over congress' new year's eve plans and that looming fiscal cliff. so what impact does it have on your money? alison deans is with us, senior adviser at varick asset...
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Dec 6, 2012
12/12
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"washington journal" is next. ♪ host: we will spend about two hours this morning on the "washington journal" talking about the fiscal cliff. we want to start off hearing from you on a different topic. what do you think about hillary clinton's future and her running for president in 2016? that is our question this morning on the "washington journal." you can start dialing in now, or you can contact us via social media. you can make a comment on our facebook page. you can also send us an e-mail. from "the hill" newspaper yesterday -- a new poll by abc news and "the washington post." 57% say they support a presidential bid from every clinton in 2016. -- from hillary clinton in 2016. 68% approved of her work as secretary of state. 66% hold a favorable view of clinton after her department has faced criticism over the handling of benghazi and libya. clinton also has heavy support in new york were 54% of registered voters say they would support a presidential bid by her in 2016. that is an "the hill" newspaper. we have lots of facebook comments already on this question. we want to share a couple o
"washington journal" is next. ♪ host: we will spend about two hours this morning on the "washington journal" talking about the fiscal cliff. we want to start off hearing from you on a different topic. what do you think about hillary clinton's future and her running for president in 2016? that is our question this morning on the "washington journal." you can start dialing in now, or you can contact us via social media. you can make a comment on our facebook page....
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Dec 10, 2012
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this is yesterday's "the washington post." the right that the fresh tax revenue generated by raising taxes on the wealthy as obama wants -- "additional savings set to hit in 2013, the sequester host: so, dayton, ohio, dolores, you are the first. what are you willing to sacrifice? caller: i think that they are going about it wrong. put everything on the table. i think that entitlements should be the last thing that they attack. those of the things about the budget, to meet, i am not saying that we do not need it, of course we do, but they need to be looked at. if we do not look at it and we get things like rock star generals with biographers, that sort of thing, somehow the economists, specialists, and experts never mentioned the defense budget. host: you are the perfect first phone call, that is what we are focusing on today on "the washington journal." for the whole part of the show we will be talking about defense, sequestration, and what it means for the pentagon. we will develop the entire show to that discussion. stay wit
this is yesterday's "the washington post." the right that the fresh tax revenue generated by raising taxes on the wealthy as obama wants -- "additional savings set to hit in 2013, the sequester host: so, dayton, ohio, dolores, you are the first. what are you willing to sacrifice? caller: i think that they are going about it wrong. put everything on the table. i think that entitlements should be the last thing that they attack. those of the things about the budget, to meet, i am...
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Dec 7, 2012
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this from "the washington times." that is "the washington times." at the same times, an editorial on jim demint with a different take. two very different takes on the resignation of jim demint this morning. i also want to point out to you the front page of the "star advertiser." today is december 7, the anniversary of the attacks on pearl harbor. here is the front page showing the front page from december 7, 1941. the untold story, reporter's eye witness sovereigns 71 years after the attack. president obama issued a proclamation for pearl harbor remembrance day. he notes on december 7, 1941, our nation suffered one of the most devastating attacks to ever be fall the american people. that is the presidential proclamation that was released yesterday on the anniversary of pearl harbor. we are still talking about compromise, and we are sticking to principles on the fiscal cliff issue. nancy is next from austin, texas on the independent line. caller: i want to start off by saying, i think our biggest threat to our liberty is not in the middle east. it is
this from "the washington times." that is "the washington times." at the same times, an editorial on jim demint with a different take. two very different takes on the resignation of jim demint this morning. i also want to point out to you the front page of the "star advertiser." today is december 7, the anniversary of the attacks on pearl harbor. here is the front page showing the front page from december 7, 1941. the untold story, reporter's eye witness sovereigns...
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Dec 19, 2012
12/12
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washington, d.c.? --or its it caught up here in washington, d.c.? we want to make sure we're doing a thorough review of the law. every state has some law -- if you're over 14 in pennsylvania, you can sign yourself out. there are a lot of things we don't let kids decide when they are 14. "i need them to be in an institution or hospital, psychiatric hospital or something." the 14 year-old ensign themselves out -- can sign themselves out. a lot of these kids have a situation where their parent is scared to death of them. parents maalox themselves in a car -parents- may have locked themselves in a car. they try to get them in a hospital setting. another aspect is when it comes to dealing with danger, you have children who are in households and parents are feeling in mobilized. conn just turned down a law which would have made it easier to have institutional care for these kids. host: the congressman wants a list of the mental-health programs. are we seeing cuts potentially for mental health programs and what can be done in the next 11 or 12 days? guest:
washington, d.c.? --or its it caught up here in washington, d.c.? we want to make sure we're doing a thorough review of the law. every state has some law -- if you're over 14 in pennsylvania, you can sign yourself out. there are a lot of things we don't let kids decide when they are 14. "i need them to be in an institution or hospital, psychiatric hospital or something." the 14 year-old ensign themselves out -- can sign themselves out. a lot of these kids have a situation where their...
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Dec 4, 2012
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"washington journal" continues. host: as part of the fiscal cliff that is looming, we look at different aspects, today, the alternative minimum tax, which will impact 30 million americans if congress does nothing. we are joined by georgetown law's john buckley. what is the alternative minimum tax. -- tax? guest: is requires it to pay the greater of what you pay under regular income tax, or what you would compute under the minimum tax, which has a slightly more broad base, this allowing some of the reductions in a regular tax. in some respects, it is very similar to the patch on itemized deductions that is being discussed. rather than directly attack preferences and expenditures, it puts an overall cap on the benefit. there is no new idea in this debate. the cap there's a strong relationship to how the alternative minimum tax works. host: here is a form from the irs in 2011 tax preparation, and this is part one, the alternative minimum tax income. how do you know if you fall into the amt? how you know? guest: i belie
"washington journal" continues. host: as part of the fiscal cliff that is looming, we look at different aspects, today, the alternative minimum tax, which will impact 30 million americans if congress does nothing. we are joined by georgetown law's john buckley. what is the alternative minimum tax. -- tax? guest: is requires it to pay the greater of what you pay under regular income tax, or what you would compute under the minimum tax, which has a slightly more broad base, this...
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Dec 11, 2012
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, bringing people from outside washington into washington. it depends from city-to-city. boston business leaders are interested in health care. miami, transportation, san diego, international -- an intellectual property -- it varies from city-to-city. in terms of immigration reform, what we have seen as different sectors of the economy look at immigration differently. the high-tech community is looking at bringing in more high-skilled workers or keeping graduates in the united states to help them with challenges in computer sciences, for example, or health sciences. you have the hotel industry and the airline industry focused on trying to make sure that travel visas are administered more efficiently so we can bring in more tourists to spend more money. you have the industry sectors with an interest in immigration. our view is immigration reform will be a big issue in 2013 and you will see big companies across sectors working together, combining shared interests to get something done. host: here is a tweet from one of our viewers -- how does t
, bringing people from outside washington into washington. it depends from city-to-city. boston business leaders are interested in health care. miami, transportation, san diego, international -- an intellectual property -- it varies from city-to-city. in terms of immigration reform, what we have seen as different sectors of the economy look at immigration differently. the high-tech community is looking at bringing in more high-skilled workers or keeping graduates in the united states to help...
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Dec 22, 2012
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washington post." raymond in little rock, arkansas is on our line for democrats. you're on the wash journal. caller: good morning. i'm all for the armed guards at the schools. i mean, if you -- i heard someone come on earlier and talk about the mind of the people. you never know when a person going to snap, so there's nothing we can do about a person snapping and there's nothing we can do in america now about the gun control, because there are a billion guns on our streets, but if they have an armed guard at the entrance to our schools, they that would slow down a killer. we can't arm teachers because then we're teaching our children the wrong message. but if we put armed guards at the opening of our schools, they that would slow things down. host: dean, go ahead. caller: there's a few of the call hears the have expressed a little bit of my real, real concern. i'm a former educator for years. and i sat at a desk and listened to parents that would actually sit down and cry that they just didn't know wha
washington post." raymond in little rock, arkansas is on our line for democrats. you're on the wash journal. caller: good morning. i'm all for the armed guards at the schools. i mean, if you -- i heard someone come on earlier and talk about the mind of the people. you never know when a person going to snap, so there's nothing we can do about a person snapping and there's nothing we can do in america now about the gun control, because there are a billion guns on our streets, but if they...
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Dec 29, 2012
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host: next up is don on the washington redskins. -- "washington journal." caller: i've been on social security for several years now. it's my understanding that the amount of money that you pay in through the payroll tax affects the amount of social security that you receive and it looks to me like people are under the illusion that this 2% is a good deal but at the same time, why they're going to be shortening themselves when they retire. is that right? guest: so that's a good question. it actually isn't really right. so the payroll tax is basically being used as a vehicle to deliver the tax cuts to workers. the way the federal budget accounting works is that the money that is not going into the social security system via the reduced payroll tax, is being reimbursed from general revenue so the reduced -- the reduced payroll tax from the last few years will not affect benefits that you accrue for the future. host: mark of the american enterprise institute writes under the headline "make the middle class pay more." he says -- host: your thoughts about what m
host: next up is don on the washington redskins. -- "washington journal." caller: i've been on social security for several years now. it's my understanding that the amount of money that you pay in through the payroll tax affects the amount of social security that you receive and it looks to me like people are under the illusion that this 2% is a good deal but at the same time, why they're going to be shortening themselves when they retire. is that right? guest: so that's a good...
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Dec 18, 2012
12/12
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here is the washington -- the "washington post. they're getting closer to some sort of deal. let's begin with the overall march of this. they're looking at more spending cuts, one being social security or more benefits. in general, what you think this means for states? guest: as this is a balding, -- is an evolving, these proposals do not have a lot of effect on the states. the big programs for spending our social security, medicare and medicaid. what we are hearing is that medicaid is off the table and that is the only one of the three that has a direct impact on the states with the federal share program. and the other things we are hearing are on the revenue side. and again, the direct impact on states is very minimal. host: what if sequestration were to happen? what is the biggest concern for states? if they can reach a deal, was the biggest concern? guest: the biggest concern is that states have not been able to plan for what is going to happen because they do not know. everyone says sequestration will not happen. now we are two weeks away and states have had to figure of
here is the washington -- the "washington post. they're getting closer to some sort of deal. let's begin with the overall march of this. they're looking at more spending cuts, one being social security or more benefits. in general, what you think this means for states? guest: as this is a balding, -- is an evolving, these proposals do not have a lot of effect on the states. the big programs for spending our social security, medicare and medicaid. what we are hearing is that medicaid is off...
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Dec 17, 2012
12/12
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are multinational, whether in washington d.c. -- like washington, d.c. and we need to know how to respond to terrorism. host: in this figure, we see some of the biggest states in red. california and new york, and then the color scheme goes down from their depending on how much money they've gotten parents why california -- they've gotten. why california and new york? is it because they are such big urban areas? guest: it is a combination of daud and also because of the world trade center bombing. it is a major terrorist target. in california, you have a large population centers. you also have one of the largest and most important ports in the long beach area. there is another program specifically designed to enhance port security. host: $98,000 was spent on an underwater robot in columbus, ohio. is it harder for urban areas outside of metropolitan areas to justify the grants and find ways to use them? are there hurdles in getting money or not? guest: generally speaking, it tends to go to the larger jurisdictions, because as you would imagine, those are t
are multinational, whether in washington d.c. -- like washington, d.c. and we need to know how to respond to terrorism. host: in this figure, we see some of the biggest states in red. california and new york, and then the color scheme goes down from their depending on how much money they've gotten parents why california -- they've gotten. why california and new york? is it because they are such big urban areas? guest: it is a combination of daud and also because of the world trade center...
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Dec 26, 2012
12/12
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washington journal continues. host: joining us on indianapolis is doug wissing, author of "funding and the enemy." we are talking about afghanistan and the end game. first, the title of your book that you wrote this year, how u.s. taxpayers bankrolled the taliban, remind us of what you were right thing? -- were writing. guest: i am sorry. i'm getting feedback in my earphone. if you could come off my audio, thank you. when i was imbedded with u.s. soldiers in afghanistan, i began to realize that the soldiers were trying to explain to me that there was a toxics system that was connecting distracted american officials, -- i'm sorry, i'm back to getting this in my ear phone. host: we will see if they can fix it. if you can try to continue, we will try to fix it. guest: there was a toxic network, hearing myself twice simply does not work. there was a toxic network that was connecting distracted american officials, u.s. corporations, military- industrial and development and industrial complex corporations, corrupt afgha
washington journal continues. host: joining us on indianapolis is doug wissing, author of "funding and the enemy." we are talking about afghanistan and the end game. first, the title of your book that you wrote this year, how u.s. taxpayers bankrolled the taliban, remind us of what you were right thing? -- were writing. guest: i am sorry. i'm getting feedback in my earphone. if you could come off my audio, thank you. when i was imbedded with u.s. soldiers in afghanistan, i began to...
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Dec 25, 2012
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after thestory passing of senator daniel in a the washington times." host: the code of hawaii -- the governor of hawaii possibly been the replacement for daniel inouye, reported by cbs news. picking up on the remaining time and before the next senate, comes in. president obama spoke on friday and talked about the senator's service and he might not have considered a career in public service had not been for the senator. [video clip] >> he was a proud democrat and a proud american. were it not for those insights planted in my head at the age of 11 in between is the land and a trip to yellowstone -- between disneyland -- i'm not have considered a career in public service and might not be standing here today. i think it's fair to say that daniel inouye was perhaps my earliest political inspiration. ost: senator daniel in a ouye passed away earlier this year. we're looking at your political hero of 2012. mitch is from tennessee on the democrat's line. caller: i just want to say that my political hero had to be bernie sanders. he started talking about not pa
after thestory passing of senator daniel in a the washington times." host: the code of hawaii -- the governor of hawaii possibly been the replacement for daniel inouye, reported by cbs news. picking up on the remaining time and before the next senate, comes in. president obama spoke on friday and talked about the senator's service and he might not have considered a career in public service had not been for the senator. [video clip] >> he was a proud democrat and a proud american....
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Dec 23, 2012
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there is a related headline from "the washington post." chicago is grappling with its own gun violence. gloria is on the phone from sheridan, wyoming, independent line, good morning. caller: good morning, i don't believe in assault weapons. i do have several other points and hopefully i will not get cut off, i will make them >>. we mentioned a second an amendment but we don't mention what is behind that and what are far the -- our founding fathers did not want was basically a government where the citizens were unarmed and the government was so powerful it could kill people. it is not just for hunting. it is for personal protection from foreigners that might come in. it could be terrorists or our own government turning on us. we always think we are protected because we have the freedom but just like reagan and some of them have said, we are always one step away from losing those freedoms. that is one thing to be said. the other thing is that i believe the entertainment industry is a lot to blame in many ways. we have the violent video games
there is a related headline from "the washington post." chicago is grappling with its own gun violence. gloria is on the phone from sheridan, wyoming, independent line, good morning. caller: good morning, i don't believe in assault weapons. i do have several other points and hopefully i will not get cut off, i will make them >>. we mentioned a second an amendment but we don't mention what is behind that and what are far the -- our founding fathers did not want was basically a...
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Dec 5, 2012
12/12
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here is the "washington times." also, sticking with the senate, the baltimore sun reporting this headline -- in politics, here is the denver post -- open phones before the first 30 minutes. we have a short show because the house is coming in at 9:00. steve in gaithersburg, maryland, a republican caller. caller: host: when did the republican party become the party that restricts poor? i understand the tax cut for the rich is important to some people, but i feel the good thing would be unlimited in of government at the federal level. that has nothing to do with this. that would be more on the spending cuts. host: what do you make of the back a plan being reported by the new york times saying if we cannot come to some sort of deal, we should just passed tax cuts for the middle class americans and then fight later on for spending cuts and increasing taxes for the wealthy? caller: the tax cut for the general population is great. that would be good for stimulating the economy. but the big thing is hit there needs to be a
here is the "washington times." also, sticking with the senate, the baltimore sun reporting this headline -- in politics, here is the denver post -- open phones before the first 30 minutes. we have a short show because the house is coming in at 9:00. steve in gaithersburg, maryland, a republican caller. caller: host: when did the republican party become the party that restricts poor? i understand the tax cut for the rich is important to some people, but i feel the good thing would be...
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find out how some states are bucking the washington trend next. >>> washington may have made a big left turn this year, but in states across the country, another kind of reform is in the air. we begin in mech mitch which this month -- in michigan which was the 24th right to work state. we are back with jason riley and kim strossel and senior economic writer steve moore also joins the panel. steve, this is really an interesting story that i don't think gets of attention. the reforms taking place across the country in a>> lot of states. who are the stars you are looking at? >> i entirely agree with your premise, paul. if you talk about the demise of the republicans on the national level, we are not really seeing that on the state level. 30 republican governors today in america. the republicans actually picked up a governorship in north carolina. so the south now is almost entirely republican whereas justen 25 years ago it was pretty entirely democratic. it is not just the south. states like utah and idaho and others. >> what are they doing with that power? that's the interesting thing. >>
find out how some states are bucking the washington trend next. >>> washington may have made a big left turn this year, but in states across the country, another kind of reform is in the air. we begin in mech mitch which this month -- in michigan which was the 24th right to work state. we are back with jason riley and kim strossel and senior economic writer steve moore also joins the panel. steve, this is really an interesting story that i don't think gets of attention. the reforms...
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washington or the private economy? >> well, i think, actually if you look at a couple of indicators, it's not good for at least the first half of 2013. one is business investment. business investment is now weaker than in 2008. and on top, so you have lots of companies sitting on their hands and you also have small business confidence taking a huge hit in november, which is very worrying. and person per capita, person income. >> it's still down from even at the start of this recovery. steve, you wanted to get in there? >> yeah, let me be the bull here for a minute. we talk auld time about the energy sector and it's not just the energy sector, we've had a mini renaissance in manufacturing in this country, in transportation because of the fact the energy prices are falling and makes the american much more competitive at the margin. i think 2013 is going to see continued declines in energy prices. that's like a tax cut for the american consumer, paul. >> but, paul, the thing we haven't mentioned here is unemployment. we'v
washington or the private economy? >> well, i think, actually if you look at a couple of indicators, it's not good for at least the first half of 2013. one is business investment. business investment is now weaker than in 2008. and on top, so you have lots of companies sitting on their hands and you also have small business confidence taking a huge hit in november, which is very worrying. and person per capita, person income. >> it's still down from even at the start of this...
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they had a diplomatic interest in north korea because washington and the u.n. don't have diplomatic relations. they said they may use that as a bargaining chip to get the u.s. to make concessions. north korean leaders endured condemnation last week for launching what they called a satellite-carrying rocket. the security council says there are consequences, but they are still struggling to agree on what those consequences will be. councilmen has condemned them because the north koreans ignored a ban on using missile technology. still, they don't want to adopt a legally binding resolution. they said it could pump them to conduct another nuclear test. japan's diplomats are working with north korea to try to impose sanctions. but they're far from waiting for the chinese to change their position. >>> world leaders of the two biggest economies have started laying the ground work for cooperation. china's president paid a visit to the u.s. president, obama. they agreed to boost economic cooperation. juan said members of china's communist party and government had great
they had a diplomatic interest in north korea because washington and the u.n. don't have diplomatic relations. they said they may use that as a bargaining chip to get the u.s. to make concessions. north korean leaders endured condemnation last week for launching what they called a satellite-carrying rocket. the security council says there are consequences, but they are still struggling to agree on what those consequences will be. councilmen has condemned them because the north koreans ignored a...